Non-Alcoholic Concentrated Syrup Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Non-Alcoholic Concentrated Syrup Market Analysis
The global non-alcoholic concentrated syrup market is expected to register a CAGR of 5.8% during the forecast period (2020-2025).
- The market is mainly driven by the rising demand for non-carbonated drinks in the developed countries and increasing consumption of fruits and vegetable juices, owing to the rising awareness regarding the functional properties of such juices, which are preferred by health-conscious consumers.
- Also, the frequent launch of new flavored products with enhanced nutritional content, mostly by the leading players, further boosts the market growth. For instance, Swoon LLC, in 2019, launched a zero sugar liquid simple syrup, especially for consumers suffering from diabetes and health-conscious consumers. Also, in the same year, Torani launched a new pure made line of syrups and sauces range comprising 16 flavor variants, including Pumpkin Spice, Green Apple, Passionfruit, White Peach, and Maple in San Francisco.
- However, a factor restraining the market includes the increasing demand for water enhancers and carbonated drinks.
Non-Alcoholic Concentrated Syrup Market Trends
This section covers the major market trends shaping the Non-Alcoholic Concentrated Syrup Market according to our research experts:
Rising Demand for Fruit-based Drinks
The demand for fruit-based drinks has witnessed a steady growth, owing to the rising importance of leading a healthy lifestyle. Also, changing lifestyles and altered eating patterns of the consumers have resulted in an increased intake of affordable, healthy, and quick sources of nutrition, like fruit-based drinks, thereby catalyzing the growth of the market. Moreover, with the auxiliary demand from the beverage industry, due to the increased consumption of convenience products, including on-the-go beverages, and the rising demand for natural foods, along with health and nutritional concerns with respect to processed products, the RTE fruit-based drinks market is estimated to experience a significant hike in the forecast period.
Asia-Pacific is the Fastest Growing Market
Asia-Pacific is the fastest-growing market for non-alcoholic concentrated syrup, where countries, such as China, Indonesia, and India, account for the largest share. The regional market has potential growth opportunities for new segments, such as convenience food, as the developing countries in the region are adopting western culture and lifestyle. Moreover, increasing consumer disposable income levels will contribute to the demand. Also, with the increasing internet penetration, the online market for the purchase of food items, including non-alcoholic concentrated syrups, has experienced rapid growth, globally, in the last three to four years. This category has attracted a few vertical specialists, like Amazon, Walmart, and Carrefour, who are riding on the increasing e-retailing growth and vying for a significant share in the online non-alcoholic concentrated syrup market.
Non-Alcoholic Concentrated Syrup Industry Overview
The global market for non-alcoholic concentrated syrups is fragmented, owing to the presence of large regional and domestic players in different countries. Emphasis is given to the mergers, expansions, acquisitions, and partnerships of the companies, along with new product developments, as strategic approaches adopted by the leading companies to boost their brand presence among consumers.
Non-Alcoholic Concentrated Syrup Market Leaders
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Unilever
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Pioma Industries Pvt. Ltd (Rasna)
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Britvic PLC
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Tru Blu Beverages
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Golden Circle Ltd.
*Disclaimer: Major Players sorted in no particular order
Non-Alcoholic Concentrated Syrup Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Type
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5.1.1 Fruit Squashes
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5.1.2 Vegetable Squashes
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5.1.3 Other Types
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5.2 By Sales Channel
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5.2.1 Off-trade
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5.2.2 On-trade
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.1.4 Rest of North America
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5.3.2 Europe
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5.3.2.1 Spain
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5.3.2.2 United Kingdom
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5.3.2.3 Germany
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5.3.2.4 France
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5.3.2.5 Italy
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5.3.2.6 Russia
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5.3.2.7 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 Rest of Asia-Pacific
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5.3.4 Rest of the World
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5.3.4.1 South America
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5.3.4.2 Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Position Analysis
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6.4 Company Profiles
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6.4.1 Unilever Ltd
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6.4.2 Pioma Industries Pvt. Ltd (Rasna)
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6.4.3 Britvic PLC
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6.4.4 Tru Blu Beverages
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6.4.5 Golden Circle Ltd
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6.4.6 Bickford's Australia Pvt. Ltd
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6.4.7 Suntory Holdings Ltd
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Non-Alcoholic Concentrated Syrup Industry Segmentation
The global non-alcoholic concentrated syrup market has been segmented by type into fruit squashes, vegetable squashes, and other types. Based on the sales channel, the market is divided into on-trade and off-trade. The study also provides an analysis in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, and Rest of the World
| By Type | |
| Fruit Squashes | |
| Vegetable Squashes | |
| Other Types |
| By Sales Channel | |
| Off-trade | |
| On-trade |
| Geography | |||||||||
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Non-Alcoholic Concentrated Syrup Market Research FAQs
What is the current Non-alcoholic Concentrated Syrup Market size?
The Non-alcoholic Concentrated Syrup Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)
Who are the key players in Non-alcoholic Concentrated Syrup Market?
Unilever, Pioma Industries Pvt. Ltd (Rasna), Britvic PLC, Tru Blu Beverages and Golden Circle Ltd. are the major companies operating in the Non-alcoholic Concentrated Syrup Market.
Which is the fastest growing region in Non-alcoholic Concentrated Syrup Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Non-alcoholic Concentrated Syrup Market?
In 2024, the North America accounts for the largest market share in Non-alcoholic Concentrated Syrup Market.
What years does this Non-alcoholic Concentrated Syrup Market cover?
The report covers the Non-alcoholic Concentrated Syrup Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Non-alcoholic Concentrated Syrup Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Non Alcoholic Concentrated Syrup Industry Report
Statistics for the 2024 Non Alcoholic Concentrated Syrup market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Non Alcoholic Concentrated Syrup analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
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